Royal Ontario Museum

100 Queens Park
Toronto, ON M5S 2C6
President & CEO: Susan Horvath
Board Chair: Robert Pierce

Charitable Reg. #: 13628 2126 RR0001
Sector: Arts & Culture
Public Foundation

Donor Accountability

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #356

Avg. Compensation $84,127

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 1
$200k - $250k 2
$160k - $200k 0
$120k - $160k 6
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Royal Ontario Museum:

Founded in 1912, the Royal Ontario Museum (ROM) showcases the world’s natural history and world cultures. Its mission is “to inspire wonder and promote learning by sharing the stories of the unique collections that the ROM cares for on behalf of the people of Ontario; to be a champion for the natural and cultural worlds; to serve as a forum for our diverse communities; and to create knowledge that contributes to a better future.”

The Museum’s collection currently has more than six million objects, and continues to grow. The ROM also features many highly popular temporary exhibitions, such as the Forbidden City. The Museum offers many educational and public programs such as the ROM Summer Club, Game Jam and Friday Night Life. Further, it takes part in many research and community projects focusing on natural history, world culture, and textiles and fashion.

In F2015, the Royal Ontario Museum welcomed 954,898 visitors, including 101,972 visiting students. The ROM also made several discoveries and acquisitions in F2015. Over the year, it discovered a 79-million-year-old dinosaur in Alberta, recovered two blue whale skeletons, and acquired 20,493 new gems and ores. Also in F2015, 75 ROM research articles were published in several journals. Over the year, the ROM reported a 96% visitor satisfaction rate.

Financial Review:

The consolidated Royal Ontario Museum and ROM Foundation is a major 100 charity, with annual donations in F2015 of $17m. Its administrative costs are 15% of revenues, and have stayed relatively constant since F2013. Its fundraising costs are 23% of donations, falling significantly from 48% in F2013 due to increased donations. While the ROM Foundation has $31m in donor-endowed funds, its total funding reserves are $21m due to $32m in long-term debt. The donor-endowed funds produced $6m in investment income in F2015, comprising 25% of total ROM Foundation revenues, which has been relatively consistent since 2013.

This charity report is an update that is being reviewed by The ROM Foundation. Changes and edits may be forthcoming.

Updated on May 17, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 14.5%13.1%14.5%
Fundraising costs as % of donations 22.7%39.7%48.1%
Program cost coverage (%) 46.3%13.2%1.8%

Summary Financial Statements

All figures in $000s
Donations 17,17210,2088,551
Goods in kind 7821,1591,350
Government funding 27,52627,48627,774
Fees for service 18,37017,52419,173
Special events 1,906924749
Investment income 6,4654,3273,967
Other income 2,1764,6352,328
Total revenues 74,39766,26363,892
Program costs 45,49342,45444,447
Grants 000
Administrative costs 9,8238,1098,695
Fundraising costs 4,3254,4204,473
Cash flow from operations 14,75611,2806,277
Funding reserves 21,0405,604801
Note: Ci has consolidated the financial statements of The Royal Ontario Museum and The Royal Ontario Museum Foundation. Ci used charity’s T3010 CRA filing to get fundraising expenses as fundraising costs were not reported on its audited financial statements. Ci has adjusted amortization of deferred capital contribution affecting revenues by ($12m) in F2015, by ($11m) in F2014, and by ($11m) in 2013. Ci has adjusted amortization of capital assets and ROM’s artifacts and specimens (gifts-in-kind) affecting expenses by ($13m) in 2015, by ($13m) in 2014, and by ($13m) in 2013.

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